In case of migration from Seychelles to another country as a permanent residentRead more

As an employee of an international donor agency, the onus is on me to contribute towards my pension. I can see that the Seychelles Pension Fund is heavily involved in real estate investments and I acknowledge the need to do so. Having invested in the Fund, my goal is to see a sustainable pension system so that upon retirement I can enjoy a desirable pension. I therefore strongly recommend aggressive investments at all times by charging the highest price possible rent.

V.A.
- Consultant

I have been a member of the Seychelles Pension Fund for a while now. I recently returned from a three months’ vacation in the UK. I got to speak about new developments in Seychelles with my family there and Pension Fund was one topic of conversation. I quickly understood that in western countries, contributing towards a pension is a basic requirements that upon taking up employment every individual looks to, to secure their retirements. It was a culture shock to see how much importance they place towards preparation to retirement.

T.A
- Head waitress

I am a 52 years old government employee. Two years representative of the SPF held a meeting at my workplace and introduced the concept of voluntary contribution to me. The past two years I have been undertaking monthly voluntary contribution and I have been able to save significantly. I wish I knew about voluntary contribution earlier so that I could have saved more.

GH.
- Administration Officer

I am an entertainer by profession. I have been fortunate to be successful in my line of work. Today I am earning my keeps through my trade, but I cannot be satisfied that my success will last. That is why I am taking time out every month to come to the Seychelles Pension Fund to make my contributions. I know there will come one day that I will not be able to continue the business I am doing. I know then that I will be able to count on my pension to sustain my needs. Think early, act early.

P.T
- Entertainer

WHY SHOULD YOU CONTRIBUTE TO THE FUND

1

What other benefit is included as part of your pension?

Further to Pension Fund benefit is also the SSF retirement pension.

2

How secure is your voluntary Contribution at the Seychelles Pension Fund?

Surplus funds held by the Fund are invested in long term government securities and bank deposits, both highly secured instruments.

Also in property investment which has an average return of 9%. The investment policy of the Fund is one aspect of its operation that is regularly reviewed by its Board of Trustees.

3

Why do self -employed have to contribute?

With the existing regulations, contributions from self-employed workers are optional. However we encourage self-employed workers to contribute to the Fund to ensure that they qualify and also benefit from a retirement benefit. Being the employer and employee themselves, they are entitled to pay either 4% of their declared salary or Sr.174 /- monthly as mandatory contribution.

The Chief Executive Officer of Seychelles Pension Fund attended the PTA’s annual general Meeting in Kigali, Rwanda on the 16th May 2016. Seychelles Pension Fund has been appointed alternate governor to represent institutional investors at the Board of Governor of PTA Bank. PTA Bank is the eastern and southern African and development bank, which borrows […]

The Seychelles Pension Fund (SPF) in the public interest would like to provide information with regards to the redevelopment of Pirates Arms. The SPF have to-date not awarded any contracts except for architectural drawings and demolition. Cost of SCR450 million The SPF appreciates that the internal cost estimate for the project has rendered it […]